ProShares UltraShort Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. ProShares UltraShort Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, ProShares UltraShort Bloomberg Natrl Gas has beta of -0.3743 indicating as returns on benchmark increase, returns on holding ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, however, ProShares UltraShort Bloomberg Natrl Gas is likely to outperform the market. Moreover, ProShares UltraShort Bloomberg Natrl Gas has an alpha of 0.7213 implying that it can potentially generate 0.7213% excess return over DOW after adjusting for the inherited market risk (beta).

Predicted Return Density

Returns

Given the investment horizon of 30 days, the coefficient of variation of ProShares UltraShort is 549.68. The daily returns are destributed with a variance of 20.52 and standard deviation of 4.53. The mean deviation of ProShares UltraShort Bloomberg Natrl Gas is currently at 3.16. For similar time horizon, the selected benchmark (DOW) has volatility of 1.71

Largest Trends

Investment Outlook

ProShares UltraShort Investment Opportunity

ProShares UltraShort Bloomberg Natrl Gas has a volatility of 4.53 and is 2.65 times more volatile than DOW. 41% of all equities and portfolios are less risky than ProShares UltraShort. Compared to the overall equity markets, volatility of historical daily returns of ProShares UltraShort Bloomberg Natrl Gas is lower than 41 (%) of all global equities and portfolios over the last 30 days. Use ProShares UltraShort Bloomberg Natrl Gas to protect against small markets fluctuations. The etf experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of ProShares UltraShort to be traded at $42.92 in 30 days. As returns on market increase, returns on owning ProShares UltraShort are expected to decrease at a much smaller rate. During bear market, ProShares UltraShort is likely to outperform the market.

ProShares UltraShort correlation with market

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraShort Bloomberg and equity matching DJI index in the same portfolio.